Citi Denies Theft Report, Says Accounts Are Safe

Citigroup Inc. (C) denied a report in The Wall Street Journal that federal authorities are investigating the theft of tens of millions of dollars from customer accounts by hackers, and sought to reassure clients that their funds are safe.

The New York financial company sent employees in U.S. bank branches a memo to help respond to questions. The moves came after The Wall Street Journal reported that the Federal Bureau of Investigation is probing a computer-security breach aimed at accounts of the company’s Citibank unit.

It couldn’t be learned how funds were stolen, whether through Citibank’s systems or by other means. The breach could have involved a contractor that processes transactions for the U.S. financial institution. Investigators suspect that the theft was conducted by a well-known Russian cyber gang.

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

AllThingsD by Writer

AllThingsD.com is a Web site devoted to news, analysis and opinion on technology, the Internet and media. But it is different from other sites in this space. It is a fusion of different media styles, different topics, different formats and different sources. Read more »